Chinese buyers raise enquiries for South Korean ferrous scrap

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Chinese buyers have shifted enquiries towards South Korean scrap as current Japanese offers are at unworkable levels for scrap buyers.
Offers from South Korea for HRS 101-grade ferrous have been heard at $560/t CFR China, sources informed SteelMint.
However, no bids were heard due to disparity in bids and offers as buyers continued their billet bookings.

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